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Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Industrial properties
970 Myer Ave Exeter, CA 93221-9575
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6054702
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1983
Construction
TILT-UP CONCRETE
Total area
57,948 SF
Lot
25.17 ac (1,096,405 SF)
Zoning code
AE20
APN
137-030-024-000
UPID
US09-6054702
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anchor Warehouse Services Warehouse & Storage
-
Sunkist Consolidation Center Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.13M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.41M
Owner & transaction history
Fruit Growers Supply Company · 4 yrs held
Fruit Growers Supply Company
since 2021
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
AE20 · Exeter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Exeter Zoning Ordinance all
Top alternative use upside
Office building
$8.1M
+30.9%
Apartment house (5+ units)
$7.9M
+27.1%
Retail stores
$7.4M
+18.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Exeter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exeter submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,440,000
ML approach
$6,130,000
CAP Approach
CAP Return
Estimation
6%
$5,625,000
6.5%
$5,190,000
7%
$4,820,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,200,000
Current use
OFFICE BUILDING
$8,115,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,880,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$7,360,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±10% · vs last sale $5.50M (Dec 7 2021)
Last sale anchor
$5.50M
Dec 7 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$40,054
Tax year 2024
Assessed value
$3,479,558
Assessed 2024
Previous assessed
$3,479,558
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$75,890
Assessed improvement
$3,403,668
Applied tax rate
86.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
3
Total area
57,948 SF
Lot
25.17 ac (1,096,405 SF)
Zoning code
AE20
APN
137-030-024-000
UPID
US09-6054702
Jurisdiction
TULARE
Zoning & alternative use
AE20 · Exeter, CAZoning AE20 · permitted uses
AE20 · Exeter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Exeter Zoning Ordinance all
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RETAIL STORES
Est. value
$7.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
3
Lot
25.17 ac
Current owner
From public records · entity-resolved
Fruit Growers Supply Company
Entity
Mailing address
27770 ENTERTAINMENT DR, VALENCIA, CA 91355-1092
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$5,500,000
Fruit Growers Supply Company
Anchor Warehouse Services LLC
Grant Deed
—
Dec 23, 2016
—
Anchor Warehouse Services LLC
—
Deed
related
$2,120,000 · Central Valley Community Bank
Jun 10, 2004
$2,178,000
Anchor Warehouse Services LLC
Nash Decamp Co
Grant Deed
$1,650,000 · Reprop Investments INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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